Gevo (NASDAQ:GEVO) Shares Up 6.7% – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO)’s share price traded up 6.7% during mid-day trading on Monday . The company traded as high as $3.36 and last traded at $3.34. 1,983,297 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 5,593,702 shares. The stock had previously closed at $3.13.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GEVO shares. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price target on shares of Gevo in a research note on Friday, October 18th. UBS Group increased their target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday.

Gevo Stock Performance

The stock’s 50-day moving average is $1.37 and its 200-day moving average is $0.90. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The stock has a market cap of $711.06 million, a price-to-earnings ratio of -10.38 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The company had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. On average, analysts expect that Gevo, Inc. will post -0.34 EPS for the current year.

Insider Activity at Gevo

In other news, COO Christopher Michael Ryan sold 84,014 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $63,850.64. Following the completion of the sale, the chief operating officer now owns 1,573,934 shares of the company’s stock, valued at $1,196,189.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Patrick R. Gruber sold 108,966 shares of Gevo stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total transaction of $64,289.94. Following the sale, the chief executive officer now owns 4,049,680 shares of the company’s stock, valued at $2,389,311.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Christopher Michael Ryan sold 84,014 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $63,850.64. Following the completion of the transaction, the chief operating officer now directly owns 1,573,934 shares of the company’s stock, valued at approximately $1,196,189.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 775,600 shares of company stock worth $535,391. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Bayesian Capital Management LP acquired a new stake in Gevo during the 1st quarter valued at approximately $27,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo during the first quarter worth approximately $38,000. Alternative Investment Advisors LLC. bought a new stake in shares of Gevo in the second quarter worth $51,000. Paloma Partners Management Co acquired a new stake in Gevo in the first quarter valued at $74,000. Finally, Point72 DIFC Ltd bought a new position in Gevo during the 2nd quarter valued at $64,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.